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PARIS - French banking giant Societe Generale (OTC:SCGLY) SA has disclosed a stake in Dalata Hotel Group plc, according to a regulatory filing with the Irish Takeover Panel on Thursday. The disclosure indicates that Societe Generale now holds an aggregate interest of 1.80% in the Irish hotel operator, which includes both direct ownership of shares and exposure through financial derivatives.
As of Wednesday, Societe Generale’s holdings in Dalata Hotel Group included 3,609,742 ordinary shares, representing 1.71% of the company, and cash-settled derivatives equivalent to 0.03% of Dalata’s shares. The bank also reported a short position of 63,722 shares, or 0.03% of the hotel group’s issued share capital.
The filing, which follows the rules of the Irish Takeover Panel Act of 1997 and Takeover Rules of 2022, provides transparency on the dealings and positions held by entities with an interest in companies subject to takeover regulations. The disclosure is a routine requirement for shareholders with a stake of 1% or more in relevant securities.
The bank reported a sale of 403 ordinary shares at a price of €6.18 per unit and a concurrent increase in a long position through a cash-settled derivative contract, also involving 403 shares at the same price. These transactions took place on the preceding day, Wednesday.
Societe Generale’s disclosure does not indicate any involvement in other dealings such as stock-settled derivatives or other agreements related to Dalata Hotel Group’s securities. The bank has also confirmed that there are no indemnity or dealing arrangements that may be an inducement to deal or refrain from dealing in the securities of Dalata Hotel Group.
The information provided in this disclosure is based on a press release statement and is intended to inform the market of significant shareholdings and dealings by major financial institutions. It does not suggest any broader industry trends or the intentions of Societe Generale concerning its investment in Dalata Hotel Group.
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